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including whether a separately listed CFSGAM would be better able to grow its business, serve the interests of its clients and attract and retain key personnel,” the announcement said.

In a separate note to UK investors, First State said it is unlikely any decisions will be made this year.

“Our primary focus during the period of strategic review will of course continue to remain on our clients, the provision of efficient investment services, quality risk-adjusted returns and being a responsible steward of your investments,” First State adds.

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